Britain Votes To Leave The European Union

British PM David Cameron Resigns Following Shocking Brexit Vote

Long Story Short

British Prime Minister David Cameron announced he'll resign following a shocking vote to leave the European Union.

Long Story

Britain just went all 'F you, F you, F you, you're cool, F you, I'm out' on its European brethren on Thursday's referendum, voting to Brexit from the EU by a margin of 51.9% to 48.1%.

Despite a move to actually leave the EU not happening until June 2018 – we still have to negotiate the terms – effects of the shocking result are already being felt with British PM David Cameron, who supported remain, vowing to step down in October.

David Cameron will stand down, but says: “I will continue in post as PM with my cabinet for the next three months” https://t.co/zQYMaVoIq7

For the United Kingdom, it's going to mean a whole load of shakeups. With Cameron gone, it's unclear who'll take over. Will it be a far right leader, as we've been starting to see across Europe? In Scotland, it might mean a new independence vote.

The UK economy also could be in for a tailspin, with the pound dropping to its lowest since 1985 on Thursday, which could be bad for global markets. On the other hand, if you're looking to rent or buy in Britain, then now could be the time.

Outside the UK this could be the beginning of the end for the EU. Following the Greek economic crisis and disputes over borders due to a flood of migrants, this might be a signal that the EU in its current form isn't working and could cause other states to leave. Parties in France and Amsterdam have already talked about a Nexit and Frexit.

And this is all good news for Russia's Vladimir Putin, who is watching and laughing as western organisations EU and NATO seem to be imploding (NATO only if Trump gets in).